{"id":47894,"date":"2025-05-27T01:50:31","date_gmt":"2025-05-27T01:50:31","guid":{"rendered":"https:\/\/prefblog.com\/?p=47894"},"modified":"2025-06-21T01:53:45","modified_gmt":"2025-06-21T01:53:45","slug":"bip-pr-a-to-be-redeemed","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=47894","title":{"rendered":"BIP.PR.A To Be Redeemed"},"content":{"rendered":"<p>Brookfield Infrastructure Partners L.P. <a href=\"https:\/\/bip.brookfield.com\/press-releases\/bip\/brookfield-infrastructure-announces-intention-redeem-its-series-1-preferred\">has announced<\/a>:<\/p>\n<blockquote><p>that it intends to redeem all of its outstanding Cumulative Class A Preferred Limited Partnership Units, Series 1 (the \u201cSeries 1 Preferred Units\u201d) (TSX: BIP.PR.A) for cash on June 30, 2025. The redemption price for each Series 1 Preferred Unit will be C$25.00. Holders of Series 1 Preferred Units of record as of May 30, 2025 will receive the previously declared final quarterly distribution of C$0.248375 per Series 1 Preferred Unit.<\/p><\/blockquote>\n<p>BIP.PR.A is a FixedReset, 4.50%+356, that <a href=\"http:\/\/prefblog.com\/?p=28233\">commenced trading 2015-3-12<\/a> after being <a href=\"http:\/\/prefblog.com\/?p=28096\">announced 2015-3-4<\/a>. The issue <a href=\"http:\/\/prefblog.com\/?p=40935\">reset to 3.974%<\/a> effective 2020-7-1 and there was <a href=\"https:\/\/prefblog.com\/?p=41002\">no conversion<\/a>. It is tracked by HIMIPref&trade; and is assigned to the FixedResets (Discount) subindex.<\/p>\n<p>Note that the tax treatment of distributions on BIP.PR.A are <a href=\"https:\/\/bip.brookfield.com\/~\/media\/Files\/B\/Brookfield-BIP-IR-V2\/2019%20tax%20KW%202\/2019%20Canadian%20Taxable%20Income%20Calculation%20Preferred%20-%20Series%201.pdf\">complex and change annually<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brookfield Infrastructure Partners L.P. has announced: that it intends to redeem all of its outstanding Cumulative Class A Preferred Limited Partnership Units, Series 1 (the \u201cSeries 1 Preferred Units\u201d) (TSX: BIP.PR.A) for cash on June &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-47894","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47894"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47894\/revisions"}],"predecessor-version":[{"id":47895,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47894\/revisions\/47895"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}